Mariana Mazzucato, renowned economist and author of the new book “The Value of Everything,” advises companies and governments on the benefits of state-led investment in innovation, and how to reward value creation over value extraction.

The Trump administration and congressional Republicans are staking everything on what they say will be the greatest tax reform agenda in three decades. The president has pitched massive tax cuts, time and again, as a way to help boost jobs and wages for working Americans. Mihir Desai, Mizuho Financial Group Professor of Finance at Harvard Business School, co-authored a paper touted by the White House as supporting the notion that cutting the top corporate tax rate from 35% to 20% will raise household incomes by as much as $9,000 annually. There is one dissenting voice, however: Professor Desai himself…